7% cap rate (NNN lease with corporate guaranty)

Industrial for Sale
Catylist Listing ID: 30794179
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Research & Development, Warehouse/Distribution, Other
Building Size (RSF): 4,882 SF
Gross Building Area: 15,000 SF
Sale Price: $1,242,000
Unit Price: $254.40 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 5/12/2022

Overview / Comments

Newly leased cannabis manufacturing facility on Montgomery Blvd!!! Single tenant 100% occupied condo with $87,000 NOI in place on a 5 year NNN lease agreement (option to extend for 5 additional years). Over $500,000 of improvements by tenant in process for a very strong long-term commitment to the property. Very strong tenant financials providing strength and stability. Outstanding real estate to own long term with minimal landlord responsibility.

Over 34,000 vehicles per day drive by this site. New 277/480v electric service.

***May be purchased separately or combined with Condo C for an additional $1,242,000 at a similar cap rate.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: 101806149302640420
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Located Between: Louisiana and San Pedro
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,524 157,066 348,787
Median Age: 38.36 40.22 38.79
Households: 10,187 71,660 153,099

Contact

Photograph of Listing Agent

Mark Thompson

C&S Real Estate and Development LLC
CARNM CIE Member
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